WAEC Economics 2022 Objective — Question 23
Question 23 of 50 from the West African Examinations Council (WAEC) Economics 2022 Objective paper, with the correct answer and a full explanation.
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A disadvantage of a joint-stock company is
- A. unlimited liability
- B. limited liability
- C. lack of continuity when a shareholder dies
- D. limited control by shareholdersCorrect
Explanation
A disadvantage of a joint-stock company is limited control by shareholders — since ownership is separated from management, shareholders have limited control over the day-to-day affairs of the company.
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